Oil rises to $46 on U.S. inventory drop, economy hopes

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus Mordant

Manufacturing surveys around the world showed expanding activity in August, although the outlook remains shaky. “Market players are currently riding a wave of optimism, though it could come crashing down at any moment,” said Stephen Brennock of oil broker PVM.The U.S. government’s Energy Information Administration issues its official figures at 1430 GMT, which will be scrutinised to see if they confirm the API’s numbers. [EIA/S]

Oil has recovered from historic lows hit in April, when Brent slumped to a 21-year low below $16 and U.S. crude went negative.

Nope

But of course all those amazing Democratic states who shut down their economies now have to increase their gas taxes

or because of a hurricane, dipsticks. lmfao. economy hopes. roflmfao.

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